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January 30, 2002
Alcoa and Alcoa Foundation Today Announce Combined Community Giving for 2001; International Giving for Alcoa Foundation Increases by 86%, Expands to 26 Countries
PITTSBURGH--(BUSINESS WIRE)--Jan. 30, 2002--Alcoa and Alcoa
Foundation today released highlights of combined community giving for
2001. In spite of a challenging year, both entities continued to
significantly support communities around the world where Alcoa
operates. The highlights include a combined total of more than
$52 million in giving from Alcoa and Alcoa Foundation.
Alcoa's corporate contributions totaled approximately $13 million
in grants and $18 million in one-time gifts related to real estate.
The real estate gifts include the difference between the appraised
value and the price paid by the University of Richmond for the former
headquarters of Reynolds Metals Company, as well as the endowment of
the Regional Enterprise Tower, Alcoa's former headquarters building in
Alcoa Foundation reported an increase in the scope of its
international giving and the seventh consecutive year that overall
giving rose by $1 million or more over the previous year. The
Foundation's grantmaking totaled $21.3 million compared with
$20.1 million in 2000. In addition, the Foundation reported additional
grants of $190,250 from Alcoa-Alumax Foundation, a separate entity
that Alcoa Foundation has managed since Alcoa's acquisition of Alumax
in 1999, and contributions of $457,532 from Instituto Cultural e
Filantropico Alcoa, a separate Brazil-based foundation.
"I am proud of this commitment to Alcoa communities worldwide,"
said Alain Belda, Chairman and Chief Executive Officer of Alcoa.
"These grants reinforce our values, our worldwide reach, and our
active investments in the communities where Alcoans live and work."
Alcoa Foundation's international giving increased for the third
straight year, up 86%, or $6.7 million compared with $3.6 million in
2000. The Foundation made over 2,500 grants in 26 countries in 2001 as
part of an overall strategy to improve the quality of life in the
growing number of Alcoa communities worldwide.
These Foundation grants were focused on local needs, as well as
five Areas of Excellence: Conservation and Sustainability; Safe and
Healthy Children and Families; Skills Today for Tomorrow; Global
Education in Science, Engineering, Technology and Business; and
Business and Community Partnerships.
"These Areas of Excellence underscore values shared by Alcoa and
Alcoa Foundation, build on our common competencies, and focus our
grantmaking for greater potential," said Kathleen W. Buechel,
president of Alcoa Foundation. "They provide global reach and local
impact and will continue to evolve as our experience with nonprofit
In 2001 Alcoa Foundation launched thirteen grantmaking teams
within Alcoa businesses that enriched and guided giving in Alcoa
communities around the world because of their local insight. The Areas
of Excellence provided the framework as these teams identified needs
and responded with financial resources as well as materials,
expertise, and employee volunteers.
Contributions from Alcoa included the Western Pennsylvania
Historical Society, support for the Reynolds Center of Business
History at the Virginia Historical Society, and $1.5 million in
continued support for 29 universities in the U.S., which represent
Alcoa's partnerships and support diversity and global link for these
International Disaster Relief and 9/11
Support of disaster relief continued in 2001. Alcoa Foundation
provided a grant of $75,000 to the American Red Cross for immediate
needs following the events of September 11. In addition, Alcoa pledged
$2 million in contributions and up to $1 million more to match
employee and retiree contributions to assist in relief and recovery
efforts in the affected communities. The first round of contributions
assisted small- and medium-sized businesses in danger of going out of
business near Ground Zero in New York. Alcoans have also volunteered
to provide financial mentoring to these businesses.
In addition, Alcoa Foundation supported relief efforts following
flooding and other natural disasters in Alcoa locations in Peru, India
In 2001, The Foundation initiated an employee program called
ACTION, shorthand for Alcoans Coming Together In Our Neighborhoods.
ACTION recognizes and rewards employee involvement with nonprofit
organizations and provides grants of $3,000 to nonprofit organizations
where ten Alcoans provide a day of service. In 2001, more than 100
teams of Alcoans volunteered in over 50 Alcoa communities worldwide.
Their work ranged from developing bike routes through Portland,
Australia, to educating young boys in Brazil about their health needs
and the services that are available to them.
Aluminum by Design
In addition, Alcoa Foundation provided grants for global programs,
including a continuation of its grant to the Carnegie Museum of Art in
Pittsburgh, to build its capacity as the international curator of
Aluminum by Design: Jewelry to Jets. This groundbreaking presentation
was the first major museum exhibition to explore how aluminum has
inspired creativity and sparked innovation in design for the past 150
years. After closing in Pittsburgh in February 2001, the exhibition
traveled to the Cooper-Hewitt National Design Museum, Smithsonian
Institution, New York; Musee des Beaux-Arts de Montreal; and The
Wolfsonian-Florida International University in Miami. It is scheduled
to open at the Cranbrook Art Museum, Detroit in spring, 2002 and the
Design Museum, London in the fall of 2002.
Alcoa is the world's leading producer of primary aluminum,
fabricated aluminum and alumina. It is active in all major aspects of
the industry -- technology, mining, refining, smelting, fabricating
About Alcoa Foundation
Established in 1952, Alcoa Foundation actively invests in
improving the quality of life in more than 26 of the countries around
the world where Alcoa operates. For more information about Alcoa
Foundation, visit "Community" at www.alcoa.com.